U.S. stocks experienced a positive turn on Monday, continuing a record-setting trend largely driven by the performance of major tech companies. The Dow Jones Industrial Average saw a modest increase of 0.1%, while the S&P 500 rose approximately 0.4%. The Nasdaq Composite led the charge with a gain of 0.6%, buoyed by optimism stemming from the Federal Reserve’s easing stance.
One of the standout performers was Nvidia, whose stock surged back towards its all-time high following the announcement of a staggering investment plan. The tech giant revealed intentions to invest up to $100 billion in OpenAI over the next several years, stirring excitement among investors. Following suit, Oracle’s shares experienced a notable rise amid news from the White House regarding the company’s involvement in a consortium set to manage TikTok’s U.S. operations.
In the automotive sector, Tesla’s shares demonstrated considerable resilience, positioning themselves for a 2025 high as investor enthusiasm grew regarding the company’s self-driving innovations and upcoming products.
In the commodities market, gold prices climbed to an all-time high, surpassing $3,750, reflecting increasing investor confidence that the Fed may implement further rate cuts before the end of 2025. Conversely, cryptocurrencies faced challenges, with Bitcoin and other tokens dropping sharply as traders liquidated over $1.5 billion in bullish positions.
Market participants await the upcoming Personal Consumption Expenditures (PCE) price index data, which is expected to provide insights into inflation trends. Analysts anticipate that a weaker inflation print could bolster expectations for another quarter-point rate cut in October. The upcoming week’s lineup of Federal Reserve speakers, including Chair Jerome Powell and newly appointed governor Stephen Miran, is being closely watched for signals regarding monetary policy.
The impact of recent immigration reforms proposed by the Trump administration also loomed over the market, specifically the imposition of a $100,000 fee for H-1B work visas. Major companies such as Microsoft and Goldman Sachs have reportedly sent warnings to employees amid these changes.
In individual stock movements, Constellation Energy and Vistra both saw significant gains following a positive analyst rating, indicative of growing demand for electricity and nuclear power amid surging power needs for data centers.
Nvidia’s stock performance remained a highlight as it approached its previous highs following its commitment to OpenAI. This announcement followed a recent declaration to invest around $5 billion in Intel, further demonstrating Nvidia’s expanding role in the tech ecosystem.
Oracle, meanwhile, confirmed its intentions to secure TikTok’s algorithm, which was designed to ensure safe operations of the app in the United States while reassuring investors about its compliance with U.S. security standards.
Weight-loss pharmaceutical company Metsera’s stock skyrocketed in premarket trading due to news of its acquisition by Pfizer in a deal worth $7.3 billion, showcasing the growing interest in obesity treatment markets.
On the telecom side, T-Mobile announced a leadership change with the upcoming departure of CEO Mike Sievert. COO Srini Gopalan will take over, causing a minor dip in T-Mobile’s stock prior to the market opening.
As the week progresses, all eyes are set on the Fed’s communications and economic indicators, with many analysts emphasizing that the current market momentum may have further room for growth.
